Mexican energy company Pemex narrows losses to $2Bln as it carries industry’s largest debt burden

Wednesday, 29 July 2020

Mexican state oil and gas company Petroleos Mexicanos (Pemex) narrowed losses to the equivalent of $2 billion in the second quarter as US pipeline natural gas and LNG imports helped keep power sources at peak capacity. The losses were an improvement on the huge 562 billion pesos ($25Bln) loss registered in the previous quarter for foreign exchange reasons and the collapse of oil prices.

Subscriber content

This content is available only to subscribers
please log in below or subscribe now / request a free trial